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Ryman Hospitality units close $200M tack-on offering of senior notes

Ryman Hospitality Properties Inc. said two of its subsidiaries closed the $200 million tack-on offering of 4.750% senior notes due 2027 in a private placement.

RHP Hotel Properties LP and RHP Finance Corp. plan to use substantially all the expected net proceeds of about $199.5 million from the tack-on offering to partially repay the outstanding amounts under the hotel real estate investment trust's revolving credit facility, with any remaining funds going toward general corporate purposes.